Tesla's lower-priced vehicle, often referred to as the Model 2, is still on schedule. “Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025,

A smaller and more affordable Model Y that's 20% cheaper to produce was initially planned to be released in the first half of this year

Cheaper electric vehicles based on the Model Y and Model 3 are allegedly in the works, but the timeline is shifting/